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6.50%
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5.85%
10-Year
5.80%
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Symetra Edge Elite 7

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Highlights

Symetra Edge Elite is a single-premium fixed indexed annuity. Edge Elite offers potential to take your retirement to a higher level. Growth potential based on the JPMorgan ETF Efficiente 5 Index, the Putnam Dynamic Low Volatility Excess Return Index and the S&P 500 Index. 
Our enhanced accounts offer higher participation rates in exchange for an annual charge. With higher participation rates, your accounts have potential to grow at a higher rate than our other account options. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Type
 Fixed Index
Purpose Accumulation
Term
 7 Years
Surrender schedule
 9%9%8%7%6%5%4%
Free withdrawal
 10%
Market value adjustment
Return of premium
Launch date
 03/31/2021
Minimum contribution
 $25,000
Maximum contribution
 $1,000,000
Max Age Qualified
 85
Types of funds
 Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, 1035 Exchange, and Inherited IRA
Brochure
 Open brochure

Find out if the Symetra Edge Elite 7 is the right product for you.

Premium Notes

Guardrail
Enhanced accounts are available for renewal or transfer as long as your contract value is greater than 97% of your purchase payment (less any withdrawals). This helps protect your contract value from declining due to the charge if the index does not experience positive growth.
If the contract value drops below the 97% threshold, any amount allocated to these accounts will be automatically transferred to the traditional indexed account with the same index, but without a charge. If the traditional indexed account is not available, the amount will be transferred to the fixed account. Once the contract value returns to an amount above the 97% threshold, the enhanced accounts will again be available for allocations at the end of the interest term after any interest is credited upon request.

Note:
Inherited IRA’s: the Beneficiary must either be a Spouse or an EDB (Eligible Designated Beneficiary). 

Withdrawal Provisions

Free Annual withdrawals
Clients can withdraw up to 10% of their contract value each contract year without paying withdrawal charges or applicable market value adjustments (MVAs). If they withdraw more than 10% during the withdrawal charge period, a withdrawal charge and MVA may apply on the amount over 10%. Any amounts withdrawn from an indexed account before the end of the interest term will not receive interest for that term (since indexed interest is only credited at the end of each interest term). 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.85% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
11% Cap
2-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
360% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
235% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
275% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
180% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
70% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Annual
195% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Cap
Point to Point
Annual
16% Cap
2-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Biennial
295% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Cap
Point to Point
Annual
16% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
57% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Biennial
230% Participation
1-Year Fixed Account
Fixed
5% Fixed
1-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
195% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
295% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Annual
255% Participation
2-Year Putnam Dynamic Low Volatility ER PTP Enhanced Participation Rate Guaranteed for Term
Point to Point
Biennial
380% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.5% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
80% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Cap
Point to Point
Annual
18% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
62% Participation
2-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Biennial
320% Participation
1-Year Putnam Dynamic Low Volatility ER PTP Participation Rate
Point to Point
Annual
215% Participation
1-Year JP Morgan ETF Efficiente 5 PTP Cap
Point to Point
Annual
18% Cap
1-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Annual
165% Participation
2-Year JP Morgan ETF Efficiente 5 PTP Participation Rate
Point to Point
Biennial
250% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 9% 8% 7% 6% 5% 4%

Riders

No Riders for Symetra Edge Elite 7 annuity.

Waivers

Hospital

Unavailable in states: CA

If clients are confined to a nursing home and/or hospital for at least 30 consecutive days, Symetra will waive withdrawal charges and applicable MVAs. This waiver must be requested during confinement or within 90 days after confinement ends. If confined on the contract issue date, a 12-month exclusion period applies.

Nursing Home

Unavailable in states: CA

If clients are confined to a nursing home and/or hospital for at least 30 consecutive days, Symetra will waive withdrawal charges and applicable MVAs. This waiver must be requested during confinement or within 90 days after confinement ends. If confined on the contract issue date, a 12-month exclusion period applies. The nursing home waiver does not include home health care.

Terminal Illness

Unavailable in states: CA

If clients are diagnosed with a terminal illness after the first contract year, Symetra will waive withdrawal charges and applicable MVAs. Additional requirements are explained in the contract.

Annuitization

Anytime after your first contract year and before your 96th birthday, you may convert your contract value to an income stream that pays you over a specific period of time or for your lifetime.

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